(a) An application for license as a provider must be in a form prescribed by the Attorney General.
(b) An application for a license as a provider must be accompanied by:
(1) A nonrefundable fee of $2,000, which shall be deposited in the State Treasury to the credit of the State Consumer Protection Fund created under § 2527 of this title;
(2) The bond required by § 2413A of this title;
(3) Identification of all trust accounts required by § 2422A of this title, an irrevocable consent authorizing the Attorney General to review and examine the trust accounts, and the overdraft notification agreement required by § 2422A of this title;
(4) Evidence of insurance in the amount of $250,000:
(A) Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;
(B) Issued by an insurance company authorized to do business in this State and rated at least A by a nationally recognized rating organization;
(C) With no greater than a $5,000 deductible; and
(D) Naming the Attorney General as an additional interested party to receive notice upon cancellation of the policy.
(E) [Repealed.]
Structure Delaware Code
Chapter 24A. DEBT-MANAGEMENT SERVICES
§ 2403A. Exempt agreements and persons.
§ 2405A. Application for license — Form, fee, and accompanying documents.
§ 2406A. Application for license — Required information.
§ 2407A. Application for license — Obligation to update information.
§ 2408A. Application for license — Public information.
§ 2409A. License — Issuance or denial.
§ 2412A. License in another state.
§ 2414A. Bond required — Substitute.
§ 2415A. Requirement of good faith.
§ 2417A. Prerequisites for providing debt-management services.
§ 2418A. Communication by electronic or other means.
§ 2419A. Form and contents of agreement.
§ 2420A. Cancellation of agreement; waiver.
§ 2423A. Fees and other charges.
§ 2424A. Voluntary contributions.
§ 2426A. Termination of agreements.
§ 2427A. Periodic reports and retention of records.
§ 2428A. Prohibited acts and practices.
§ 2429A. Notice of litigation.
§ 2431A. Liability for the conduct of other persons.
§ 2432A. Powers of Attorney General.
§ 2433A. Administrative remedies.
§ 2434A. Suspension, revocation, or nonrenewal of license.
§ 2436A. Violation of unfair or deceptive practices statute.
§ 2437A. Statute of limitations.
§ 2438A. Uniformity of application and construction.
§ 2439A. Relation to Electronic Signatures in Global and National Commerce Act.